Mount Hermon, Louisiana Property Taxes
The median property tax rate in Mount Hermon, LA is 0.77%, which is lower than both the national median of 0.99% and the Louisiana state median of 0.91%. With the median home value in Mount Hermon, the typical annual property tax bill is $872, significantly below the national median of $2,690. Property taxes in Mount Hermon are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Mount Hermon's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Mount Hermon or another part of Tangipahoa County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mount Hermon, Louisiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.77%
Estimate Property Tax Bill
$870
$807
Ownwell’s Mount Hermon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mount Hermon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mount Hermon to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Mount Hermon, Louisiana
Property taxes in Mount Hermon, Louisiana, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mount Hermon is 0.77%, which is lower than the U.S. national median of 0.99%. Local government entities within Mount Hermon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mount Hermon estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Mount Hermon's effective property tax rate to other counties in Louisiana and the national median. For comparison, the zip code 70450 has the highest median property tax rate of 0.77%, while the same zip code also has the lowest median tax rate of 0.77%. Understanding how these cities compare with Mount Hermon provides valuable insights into the varying tax landscape across Tangipahoa, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mount Hermon Tax Rate
0.77%
Average Tangipahoa County Tax Rate
0.87%
Average Louisiana Tax Rate
0.91%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mount Hermon, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70450 | 0.77% | 0.77% | 0.77% | 0.77% | 0.77% |
Source: Ownwell
Property Tax Assessment Values Across Mount Hermon, Louisiana
In Mount Hermon, Louisiana, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Tangipahoa Parish Assessor’s Office for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Mount Hermon, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Mount Hermon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 70450 has the highest and lowest median tax bill at $872.
Average Mount Hermon Assessed Value
$112,950
Average Tangipahoa County Assessed Value
$100,451
Average Louisiana Assessed Value
$105,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mount Hermon, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70450 | $33,390 | $63,225 | $112,950 | $162,676 | $192,511 |
Source: Ownwell
Property Tax Bills Across Mount Hermon, Louisiana
In Mount Hermon, located in Tangipahoa County, LA, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in this area is $112,950. Property tax rates in Mount Hermon are influenced by local government budgets and the funding needs of public services like schools and infrastructure. Homeowners in Mount Hermon can expect their property tax bills to vary significantly. For instance, the 25th percentile tax bill is $488, while the 75th percentile reaches $1256. The tax bill for the 90th percentile is even higher at $1487. These variations are due to differences in property values and specific local tax rates. Compared to the national median property tax rate of 0.99%, Mount Hermon’s rates can be seen as relatively moderate. Homeowners should be aware that their tax bills are not only a function of their home's assessed value but also reflect the broader economic and administrative needs of the county.
Average Mount Hermon Tax Bill
$872
Average Tangipahoa County Tax Bill
$889
Average Louisiana Tax Bill
$865
Average United States Tax Bill
$2,690
Property Tax Bills Across Mount Hermon, Louisiana
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 70450 | $258 | $488 | $872 | $1,256 | $1,487 |
Source: Ownwell